Senior Associate, Commercial Workout Officer

Job not on LinkedIn

🔥 18 hours ago

🦞 Maine – Remote

🦞 Maine – Remote

💵 $93.8k - $170k / year

⏰ Full Time

🟠 Senior

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Santander

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1857

🛡️ Insurance

💼 Consulting

📦 Logistics

💰 Post-IPO Equity on 2013-05

Insurance • Consulting • Logistics

Santander is a global retail banking group with a significant presence in Europe and the Americas. The company provides a range of financial services including consumer banking, asset management, private banking, and corporate and investment banking. Santander is committed to responsible banking, promoting diversity, equity, and inclusion, and supporting the green transition. With numerous customers worldwide, the bank focuses on financial inclusion and education as part of its corporate responsibility. Santander is listed on various stock exchanges and is involved in sponsorships like Formula 1, underscoring its brand presence and strategic partnerships.

📋 Description

• Manage a portfolio of distressed commercial real estate loans • Monitor collateral performance, borrower financial condition, guarantor support, and covenant compliance • Evaluate property operations, rent rolls, financial statements, market conditions, and capital needs • Develop and execute loan resolution strategies, including modifications, restructurings, forbearances, and other workout solutions • Perform underwriting, financial modeling, collateral valuation, and risk analysis • Prepare credit memoranda, action plans, and presentations for management and credit committee approval • Review, interpret, and negotiate commercial loan documentation, including loan agreements, mortgages, guarantees, intercreditor agreements, and workout-related documentation • Partner with internal and external legal counsel to ensure documentation accuracy and compliance • Identify legal, structural, and collateral-related issues affecting loan recovery or enforceability • Lead or support negotiations with borrowers, sponsors, investors, legal representatives, and other stakeholders • Oversee judicial foreclosure proceedings and coordinate with legal counsel • Manage REO assets after foreclosure, including stabilization, valuation analysis, asset management, and disposition • Maintain communication with borrowers, internal management, and internal partners throughout the workout lifecycle

🎯 Requirements

• Bachelor’s Degree in Finance, Real Estate, Accounting, or a related field — Required • 9+ years of experience in commercial real estate workouts, including large portfolios, special servicing/special assets, or credit risk management within a regulated financial institution • Experience in commercial real estate lending, credit underwriting, loan workouts, restructuring, asset management, special assets, or related areas • Deep understanding of commercial loan documentation, mezzanine financing, related intercreditor agreements, and commercial real estate finance • Extensive experience analyzing property financial statements, property performance, collateral values, and credit risk • Strong analytical, negotiation, communication, and relationship management skills • Ability to prepare and present credit recommendations and workout strategies to senior stakeholders • Proficiency with Word, PowerPoint, and loan servicing or risk management systems • Expert-level Excel proficiency • Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education • Must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment • Preferred: Master’s Degree in Finance, Real Estate, Accounting, or a related field • Preferred: Experience with distressed commercial real estate assets and loan restructuring, including CMBS special servicing or special assets at a regulated financial institution • Preferred: Knowledge of rent-regulated multifamily housing in New York City • Preferred: Extensive experience managing judicial foreclosure processes, foreclosures, Chapter 11 bankruptcies, related 363 sales, and REO assets

🏖️ Benefits

• Fair and competitive rewards package • Benefits designed to support employees, their families, and well-being • Inclusive and accessible application process • Reasonable accommodations for individuals with disabilities